Real Estate Investor Magazine South Africa September 2013 | Page 41
REI Commercial
New Act Passed Into Law
New Capital Structure
Introduced
Carbon Tax A Negative?
T he S p at i a l P l a n n i n g a nd L a nd Us e
Management Act seeks to bridge the racial
divide in spatial terms and to transform the
settlement patterns of the country in a manner
that gives effect to the key constitutional
provisions. It will address the legacy of the
discriminatory, inefficient and costly special
pattern which puts a considerable burden on
the public resources. The Act will also ensure
that the restructuring of the South African
cities, towns and settlements is in line with
the priorities and principles of the democratic
government. Land Affairs Minister Gugile
Nkwinti said the legislation would ensure
the system of spatial planning and land use
management promoted social and economic
integration and inclusion.
Growthpoint Properties Limited has become
the first SA REIT to introduce a new capital
structure, converting from complex linked units
to the straightforward ordinary share structure.
Friday, 2 Aug ust, was the f irst day for
Growthpoint’s investors to deal in the new
ordinary shares on the JSE ??9?????M????)